19 October 2017
visit www.avoka.com

Langley quits as CEO of Nasdaq Liffe Markets

09 August 2001  |  2958 views  |  0 Langley quits as CEO of Nasdaq Liffe Markets

Warren Langley has quit as chief executive officer of Nasdaq Liffe Markets following a wrangle over remuneration. His departure comes less than two weeks before the new joint venture company is due to begin principle to principle trading of single stock futures.

In a statement, NqXL says Langley left his post "following an inability to agree on mutually acceptable contract terms".

Langley joined the new trading venture in late June from the venture capital industry. Prior to this he served for three years as president and chief operating officer of the Pacific Exchange.

Robert Fitzsimmons, NqXL's recently appointed president and chief operating officer is take over the reigns as acting CEO.

He says the launch of NqLX remains on track for day one trading when permitted from a regulatory standpoint - expected in late December. He comments: "Nasdaq Liffe Markets is firmly on track and committed to delivering an attractive and competitive service to investors and market participants for the trading of single stock futures on the first day they are permitted. We are moving ahead on all fronts – technology deployment, regulatory approval, and a market structure providing transparency and liquidity."

News of Langley's departure comes as NqXL announced its board of directors, comprising equal representation from both Nasdaq and Liffe. Board members include Hugh Freedberg and Peter Friend, Liffe CEO and COO respectively, John Hilley and Richard Ketchum, Nasdaq chairman and president, Richard Sandor, chairman & CEO of environmental financial products and a member of the Liffe board of directors, and an additional Nasdaq representative to be announced shortly.

NqXL was established in March to take advantage of the repeal of US regulations under the Shad Johnson Accord, allowing for the trading of single stock futures on US regulated exchanges for the first time. Headquartered in New York, Nasdaq Liffe Markets also has offices in London and Chicago.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nasdaq Liffe Markets names Bob Fitzsimmons as head of operations

Nasdaq Liffe Markets names Bob Fitzsimmons as head of operations

03 August 2001  |  2979 views  |  0 comments
Pacific Exchange alumnus Langley  to head Nasdaq/Liffe venture

Pacific Exchange alumnus Langley to head Nasdaq/Liffe venture

25 June 2001  |  3119 views  |  0 comments
Nasdaq/Liffe stock options venture to use Radianz network

Nasdaq/Liffe stock options venture to use Radianz network

20 June 2001  |  3033 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15649 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8810 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7912 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7051 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6180 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job